With a lot anticipation following its Buying and selling Halt from the Australian Securities Change (ASX), Stakk Ltd have introduced it has entered a 3-year Grasp Providers Settlement (MSA) to ship Stakk IQ, its modular Embedded Finance resolution to U.S. primarily based SoFi Applied sciences, Inc.
SoFi is without doubt one of the largest U.S. Fintech’s, having originated over ~US$120 billion (AUD$184 billion) in loans since its founding in 2011 and has a present market capitalisation of US$33 billion (AUD$51 billion).
Below the phrases of the Settlement, Stakk will ship SoFi an answer encompassing Stakk IQ – particularly its cellular picture seize, picture authentication, OCR (optical character recognition), and doc/knowledge orchestration capabilities, powering sure deposit acceptance options for SoFi.
The Settlement was signed by Stakk’s Chairman on the 13th of November 2025 (14th of November 2025 in Australia) and was subsequently counter-signed by SoFi on the 18th of November – therefore the necessity for a chronic buying and selling halt whereas paperwork had been being exchanged for what the Board of Administrators thought of a cloth settlement ensuing in a ‘value delicate’ announcement.
The Settlement could also be regularly prolonged by mutual consent on the expiration of the preliminary 3- 12 months time period for subsequent phrases of 1-year. Income underneath the Settlement will include a month-to-month platform price along with usage-based transaction charges (charges which are incurred by SoFi every time certainly one of their customers work together with the service performance powered by Stakk) and can start flowing to Stakk in December 2025, after which anticipated to quickly speed up in Q3 of the 2025/26 Monetary 12 months.
The SoFi settlement, mixed with the Chime Monetary settlement introduced to the ASX on 28 October 2025, provides extra annualised ARR of ~AUD$4.7 million, now considerably exceeding Stakk’s earlier projection of AUD$8.0 million in annualised ARR by the top of the calendar 12 months.
SoFi is a significant U.S. primarily based monetary expertise firm based in 2011 with a present market capitalisation of US$33 billion (AUD$51 billion). It delivers a spread of monetary merchandise together with private loans, pupil loans, and mortgages, together with funding and banking providers. Working a branch-less mannequin, SoFi additionally offers a expertise platform to different monetary establishments (by way of its wholly owned subsidiaries) and is understood for its built-in strategy to monetary providers, aiming to maintain clients inside its digital ecosystem for all their monetary wants. SoFi is the official banking accomplice for the NBA and likewise the premium sponsor of SoFi Stadium in LA, the dwelling for 2 NFL groups: the Los Angeles Rams and the Los Angeles Chargers.
Nikhil Ghanekar, Chairman of Stakk, mentioned, “The constant development in Stakk’s ARR this calendar 12 months has been fairly phenomenal and demonstrates a transparent want for the ‘boring, however important expertise’ we proudly supply to a broad cross base of business verticals – spanning small monetary establishments, world manufacturers, to multi nationwide telcos and past.
“To be chosen by SoFi, after a rigorous and complete choice course of, is a real honour, and an thrilling alternative to collaboratively innovate with one of many world’s finest. We could also be small, and underneath the radar, however we positive do love working with these reshaping the world of monetary providers.
“Not all wins will probably be as vital as this one, however all of them contribute to a sturdy and diversified income stream (ARR) that meets the expectations of our energised shareholder base.
“Thanks to all our clients, and naturally our supportive shareholders!”
